On October 20, 2008, PV Drilling signed a contract with Vietgazprom to supply PV DRILLING I jackup rig.
According to the contract, PV DRILLING I rig will be mobilized to block 112 in offshore North Vietnam to perform exploration drilling for Vietgazprom after the completion of contract with Hoang Long/Hoan Vu JOC in April 2009.
This is the second contract to supply PV DRILLING I jackup rig since it was put on services in March 2007. PV DRILLING I has been operating safely with 100% efficiency up to now. With professional, experienced staff and endeavors to build PV Drilling a leading drilling contractor in the region, PV Drilling will very well accomplish the drilling campaign for Vietgazprom.
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